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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

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China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 Click to enlarge.

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Air Liquide’s technology chosen for Daxing hydrogen station in Beijing, the world’s largest by refueling capacity

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Ltd, a subsidiary of Air Liquide Group, supplied and installed 8 hydrogen dispenser units (each with two fueling nozzles) for the Daxing hydrogen station, owned and operated by Beijing Hypower Energy Technology Ltd. Air Liquide Houpu Hydrogen Equipment Co., With a capacity of 4.8

Hydrogen 474
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Volkswagen Group’s new Future Tracks program targeting digitalization era in auto industry; “James 2025”

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At the Geneva Motor Show and now at the IT trade fair CeBIT in Hanover, Germany, Volkswagen Group executive management has begun to outline its “Future Tracks” program which will address, among other things, what Chairman of the Board of Management Prof. Information technology has been a key component of the automobile industry for some time.

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Balqon to build electric buses in China with SAIG

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California-based Balqon Corporation, a developer of heavy-duty electric vehicles, drive systems and lithium battery storage devices ( earlier post ), has entered into a Joint Development Agreement with China-based Sichuan Automobile Industry Co., Sichuan Automobile Industry Co.

China 300
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European Auto Industry Expresses Concern Over Iron Ore Price Hikes

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The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The automobile industry needs broad access to raw materials at competitive conditions, especially in times of fragile economic circumstances, ACEA said.

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Volkswagen Group and FAW to build 2 new vehicle plants in China; “Our most important market”

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The Volkswagen Group, together with its partner FAW, will build two new vehicle plants in Qingdao and Tianjin, with an estimated investment of €2 billion (US$2.7 Volkswagen has been active on the Chinese market for 30 years and is one of the Western pioneers of the automobile industry in the country.

China 210
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Volkswagen Group to Invest 4B by 2011 to Expand Activities in China

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The Volkswagen Group is set to continue its growth in China over the next few years. Between 2009 and 2011, the Group is to invest a total of €4 billion (US$5.8 For the Volkswagen Group, China is one of the most important markets in the world. Winfried Vahland, President and CEO of Volkswagen Group China.

China 210